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EUR/USD closed Tuesday trading above 1.1260

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD closed Tuesday trading above 1.1260 “To break out of that trading range [1.05-1.15] in either direction we need a significant change in the story, either around the European Central Bank or the Fed.” - Russel Investments (based on Bloomberg) Pair’s Outlook A long-awaited close above the 50% Fibonacci retracement of the Jul-Aug uptrend became reality yesterday. While being underpinned by the 55-day SMA, currently at 1.1169, EUR/USD pierced through several crucial

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